“I want to see a situation where bank depositors can go to sleep with their two eyes closed”. Professor Chukwumah Soludo, Governor, Central Bank of Nigeria, August 2004. And for Soludo, security could only be guaranteed by creating banks which were “too big to fail. Like the author of the great ship, called Titanic whose builder boasted that “even God cannot sink it,” Soludo, as we had noted earlier, got his wish.

Too much inequality can harm the efficient operation of an economy…excessive inequality can have two perverse consequences: first, the very wealthy lobby for favours. Contracts and bailouts that distort markets; second growing inequality undermines the ability of the poorest to invest in their own education…These factors mean that high inequality can generate further high inequality and eventually poor economic growth.

“It is expected that based on the implementation of the Vision 20:2020 Economic Blueprint, which again goes to the root of resource management, the nation’s GDP should be growing at about 14 per cent per annum from 2010 to 2020, to realize this vision.

Everywhere you look, the ruling classes, represented by the ruling party – at all levels – have become the enemies of the people – meaning the nation itself. It has taken over two thousand years for the people of the world to understand that nobody, and I mean nobody, can be trusted with power for too long without breeding corruption…

The former Director General of the Nigeria Stock Exchange, Dr Ndi-Onyiuke, was supposed to be charged last week, in Lagos, for embezzling, along with others, N3 billion. Her lawyers are still doing what lawyers do best – they are stalling the trial.